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Lazard Asset Management

Lazard Asset Management Portfolio holdings

AUM $60.8B
1-Year Est. Return 22.47%
This Fund
S&P 500
This Quarter Est. Return
+11.1%
1 Year Est. Return
+22.47%
3 Year Est. Return
+62.53%
5 Year Est. Return
+77.87%
10 Year Est. Return
+305.76%
AUM
$79B
AUM Growth
+$5.52B
Cap. Flow
-$7.01B
Cap. Flow %
-8.87%
Top 10 Hldgs %
24.46%
Holding
2,559
New
284
Increased
737
Reduced
832
Closed
260

Top Buys

Rank Stock Value
1
CB icon
Chubb
CB
+$555M
2
AEP icon
American Electric Power
AEP
+$272M
3
ULTA icon
Ulta Beauty
ULTA
+$161M
4
CVS icon
CVS Health
CVS
+$160M
5
MCD icon
McDonald's
MCD
+$139M

Top Sells

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$388M
2
AON icon
Aon
AON
+$211M
3
JNJ icon
Johnson & Johnson
JNJ
+$209M
4
NSC icon
Norfolk Southern
NSC
+$162M
5
NVST icon
Envista
NVST
+$149M

Sector Composition

Rank Sector Weight
1 Technology 20.99%
2 Financials 14.12%
3 Healthcare 13.38%
4 Industrials 11.48%
5 Consumer Discretionary 9.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BHP icon
1951
BHP
BHP
$223B
$3K ﹤0.01%
57
-27
-32% -$1.63K
BILI icon
1952
Bilibili
BILI
$7.81B
$3K ﹤0.01%
285
– –
DLTR icon
1953
Dollar Tree
DLTR
$24.9B
$3K ﹤0.01%
23
-188
-89% -$22.3K
DORM icon
1954
Dorman Products
DORM
$4.08B
$3K ﹤0.01%
+37
New +$2.76K
HBB icon
1955
Hamilton Beach Brands
HBB
$366M
$3K ﹤0.01%
+189
New +$2.65K
LBTYK icon
1956
Liberty Global Class C
LBTYK
$3.58B
$3K ﹤0.01%
181
+28
+18% +$485
MPWR icon
1957
Monolithic Power Systems
MPWR
$66.8B
$3K ﹤0.01%
5
+3
+150% +$1.57K
MYO icon
1958
Myomo
MYO
$50.6M
$3K ﹤0.01%
+715
New +$1.9K
NWSA icon
1959
News Corp Class A
NWSA
$16.1B
$3K ﹤0.01%
145
– –
PPSI
1960
Pioneer Power Solutions
PPSI
$33.5M
$3K ﹤0.01%
+451
New +$2.67K
RBLX icon
1961
Roblox
RBLX
$25.7B
$3K ﹤0.01%
66
-7
-10% -$259
RERE
1962
ATRenew
RERE
$977M
$3K ﹤0.01%
+1,686
New +$2.96K
RSP icon
1963
Invesco S&P 500 Equal Weight ETF
RSP
$98.8B
$3K ﹤0.01%
23
– –
SCYX icon
1964
SCYNEXIS
SCYX
$51.6M
$3K ﹤0.01%
+221
New +$3.24K
STM icon
1965
STMicroelectronics
STM
$47.5B
$3K ﹤0.01%
69
– –
VCIT icon
1966
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.2B
– –
0
– –
VRNS icon
1967
Varonis Systems
VRNS
$4.87B
$3K ﹤0.01%
67
+14
+26% +$527
VTRS icon
1968
Viatris
VTRS
$19B
$3K ﹤0.01%
285
+56
+24% +$536
VTSI icon
1969
VirTra
VTSI
$34.7M
$3K ﹤0.01%
+368
New +$2.4K
ABM icon
1970
ABM Industries
ABM
$2.84B
$2K ﹤0.01%
+49
New +$2.07K
ACU icon
1971
Acme United Corp
ACU
$214M
$2K ﹤0.01%
+57
New +$1.99K
ACWV icon
1972
iShares MSCI Global Min Vol Factor ETF
ACWV
$3.36B
$2K ﹤0.01%
28
– –
CVSA
1973
Covista Inc
CVSA
$4.23B
$2K ﹤0.01%
44
– –
CG icon
1974
Carlyle Group
CG
$17.6B
$2K ﹤0.01%
56
– –
CRNT icon
1975
Ceragon Networks
CRNT
$202M
$2K ﹤0.01%
+947
New +$1.74K
77 78
79
80 81

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Lazard Asset Management's Q4 2023 Portfolio in Review

As of Q4 2023, Lazard Asset Management held 2,559 positions worth $79B, up 7.5% from $73.5B the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Lazard Asset Management withdrew a net $7.01B in Q4 2023, closing 260 positions and reducing 832 holdings. Its most notable exit was VMware, Inc, an estimated $34.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Lazard Asset Management opened a new position in Dentsply Sirona worth $141M.

  • Lazard Asset Management's largest Q4 2023 buy was Dentsply Sirona: 3,954,444 shares worth $141M.
  • Lazard Asset Management added most to Chubb in Q4 2023, an estimated $555M increase.
  • Lazard Asset Management's biggest Q4 2023 reduction was Meta Platforms (Facebook), cutting an estimated $388M.
  • Lazard Asset Management fully exited VMware, Inc in Q4 2023, selling an estimated $34.5M.
  • Lazard Asset Management's ten largest holdings make up 24% of its $79B portfolio in Q4 2023.
  • Lazard Asset Management opened 284 new positions and closed 260 in Q4 2023.
  • Lazard Asset Management's portfolio value rose 7.5% quarter-over-quarter to $79B.

Based on Lazard Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.